If Hot join play is considered the more casual element of sPvP, Tournaments would be considered the serious end of the spectrum. Tournaments allow your party to create a team and fight against other participants in the three available maps, beginning on Legacy of the Foefire and ending on Forest of Niflhel. Each tournament pits eight teams of five against one another, with every team that wins the three-round, single-elimination tournament, being rewarded with a tournament chest.
Tournament chests provide greater rewards than those obtained from glory vendors or from obtaining a new sPvP rank, so offer a valuable incentive.
There are currently a total of 2 tournament types available, but with the intention of expanding this to yearly and player run version. In addition, through pickup tournament reward chests you can obtain tournament tickets. Each participant will need 5 tournament tickets to enter, with 25 needed for the entire team. A party leader can also pay for the entire team if they so wish (and have the necessary tokens) while the rewards for paid tournaments are much improved over pickups.